AT&T on Sunday officially announced plans to keep its headquarters in downtown Dallas and for a multi-million-dollar “urban tech center” it hopes will be a destination spot for residents and visitors.

The revamped area near Akard and Commerce is being billed as the “AT&T Discovery District” and would include restaurants, outdoor event space and retail spots.

“We not only want to give our employees a great place to work, we want to provide an outdoor destination for other workers, local residents and visitors,” AT&T Senior Executive Vice President John Stephens said. “We want to see downtown Dallas thrive.”

The company said in a release Sunday that it hoped the Discovery District would boost local tourism.

AT&T has headquartered at the four-building complex at Akard and Commerce since a move to Dallas in 2008. Nearly 5,700 employees work at the complex.

“Downtown Dallas is our home. We want to stay and create a unique, inviting space – not only for our employees – but for all,” Stephens said.

The Discovery District would be an investment in the company’s future in downtown Dallas, and it has the support of city leaders.

“We expect this investment from AT&T would help grow the local economy and continue to demonstrate that our city is innovative, business friendly and economically strong,” said Kourtney Garrett, president of Downtown Dallas Inc.

AT&T is asking the city to make changes to surrounding streets to make the destination tech center safer and more convenient for area residents.